North Carolina License Law
The NC Real Estate Commission may audit a broker's trust account:
AOnly when a complaint is filed
BAt any time, with or without prior notice, as part of its regulatory oversight✓ Correct
COnly once every 3 years
DOnly if ordered by a court
Explanation
The NCREC has the authority to audit broker trust accounts at any time as part of its regulatory oversight — prior notice is not required, and audits may be random or complaint-driven.
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